Ethereum has dipped nearly 7% today, hovering around $2,545, after breaking below key support levels at $2,700–$2,800. The decline is driven by a wave of long-liquidations, weak spot-ETF flows, and cooling on‑chain activity—active addresses and fees have fallen sharply, signaling lower demand . Traders are now watching support between $2,600 and $2,700 closely; a rebound here could stabilize prices, but a drop below may open the door to deeper losses toward $2,500 or even $2,120 .
